New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-11-02
NETWORK DAILY TRIBUNE, WEDNESDAY, NOVEMBER . 1887

lines. day we print the September and nine months
statements Of tho business Of the Canadian Pacific ana
Of the Union Pacific railroads The Canadian Pacific Tor
the month Of September shows gain in net earnings OF
S2777, aud for the nj months ended September 80
lcss in net earnings Of 100000 Now mark In con-
the business Of the Union Pacific: For the month
OF September there 10 gain on eepteihoer'
1885, OF S3s2551 In net earnings and for the
nine mouths ended september 80 gam
Of 81 s77O7 in net earnings So much for the dis
astrons effects OF the Interstate Commerce law WHICH
the original basis for "bear" campaisn on Sc
curiy values which since has been turned into cant
paign OF lies
The feature Of the Union Pacific statement. however.
Is that the last nine months its net earnings IRON
transportation Css.44i.25D are over Sioo'ooo
in OF all its first chsrges'
including Government requirements. for the whole year
Of and for first charges should he less than
1886 SO there three months more OF earnings 10
be added 70 the earned surplus OF I" make up
the applicable dividends on the s'ocR IN INC
last three months of 1856 the net earnings were
81 227 9fi that withsut any gain In the REMAINING
three months of this year. the surplus LOT s,orh
from traa earnings Will he S20ooooo
TO which is to be added income from other s"ur'cr'
which in $50 amounted TO S2.7SS.9O4 1heio Is ne
suppose the income from other sources VIII NC
much from last year Therefore. 1t is modest
that at The end OF the year the sum ap
plicabe to dividends will he $5000OOo. or over per
cent
Well the "besr " speculate rs today made one more
effort TO carry their prearrangcd plan OF sma'"S
things generally, and under cover of confusion 10 e"'
their short accounts But confusion did not c"ne '
their bid linz. TIE old and stale trick OF employing
operators known have been bulls" I" so'I
stocks resOrtcd TO In western Union an"
Reading, but without the desired eiec'
on the general market In the case OF western
Union the stock was sold down from 77l9 TO 7Gs bnt
probably large portion of the 1000 shares when were
sold figures the half hour were phrcha'e'
by the parties who the orders to SELL oec'so
there are Indications that the market IL YET "r"'u
enough absorb that quantity Of stock (which Az 'no
time s.ened 10 he long" stock short time Az
the same time Philadelphia and Rearing
was sharply pressed for sale at 62ea"2
and the pressure break It e. was forr'oo pu'
not sufficiently so to succeed. II. Paul sold BY
"bull a scale up every is per cent nut thn'
trick did not succeed checking It. advance fro" ~
was marked dow STA from which point the buying
wa, continuous up to ssas7A; since yesterday morn
Ing this stock has declined from 10 TO siN with
transactions amounting 81 900 shares and sneht IL
closed Pig per higher than last evening and IA per
cent lower than Yesterdays first price. Yesterday IL
went sales of 900 shares to-day IL rtc"'ers
with saes OF 5000 shares. Mani oha was specially
strong from 10i to 1851 lo7N. Considering INC
amount OF floating stock interest IN II IL said 70
lie large Yesterdays failed prices down 10 mo
level OF prccs ale on raids OF Monday. October a.
aud twenty four hours the average oil prices
for the general market above the beat ngnres q" s'
week In this fact there Is significance worthy OF tno"Sn
The market closed quiet and strong
Government bonds were dull At steady quotations az
follows: